Are You Ready to Quit Your Job?

I don’t know about you, but there came a point in my life where I wanted to work for myself. I was making my bosses rich (my last job was in management at Wal-mart, so I guess I should say richer) and I was fed up. I wanted to have something of my own. So that’s what I did; I quit my job and started my own consulting company, which led to my law firm, and now back to a consulting company. What’s stopping you from doing the same? Here are 5 quick tips to help you quit your job and get you started on the road to entrepreneurship:

1. Make preparations for your exodus: If you’re in debt, eliminate it or pay it way down; save up at least six months worth of living expenses; and find sources of passive income (real estate, create an information product and sell online, or find a strong affiliate product to market);
2. Start planning your business: Begin by drafting your business plan and go ahead and approach your investors and bankers to get your small business funding set up;
3. Start your business on the side: If there’s anyway possible, do a soft launch of your business a few months prior to your official launch.
4. If your business is a brick and mortar, find your location. Location is everything and it’s not always easy to find. Once you find it, lock it in.
5. Know who you are. This may sound strange, but many people don’t know who they are outside of the job or their title. I know because I was one of those people. When I left my law practice to start my consulting and online marketing companies, I was lost to the point of virtually being depressed. Everyone’s going to think you’re crazy for leaving that “good job” and after a month or so you’ll agree with them if you’re not sure who you are separate from your title. Before you quit, do some soul searching, take a personality assessment, and read plenty of self-help books.

Making the decision to quit your job shouldn’t be taken lightly. But once you’re prepared to do it, you’ll make a much smoother transition into being an entrepreneur.

Technorati Tags: quit your job, start a business, how to start a business, small business